Bank aus Verantwortung Overview of KfW’s Solar Activities Andreas Thermann Deputy Director KfW Office New Delhi Coordinator - Energy Sector New Delhi, 7th of May 2013

2 KfW Bankengruppe at a glance We promote development Promotion of developing and transition countries International business We promote Germany Promotion construction of new housing and modernisation as well as education Promotion SMEs, business founders, start-ups Financing municipal infrastructure projects and global loans Domestic business We ensure internationalisation International project and export finance Promotion of Climate and Enviornmental Protection Business Area Mittelstandsbank Business Area Privatkundenbank Business Area Kommunalbank Business Area Export and Project Finance Business Area Promotion of Developing and Transition Countries

Overview of FC Commitments in India ( ) 3

4 KfW‘s Energy portfolio in India compared to other countries

Ongoing Energy Portfolio in India 5 69 %

Project example: 150 MW Sakri Solar PV Plant 6 69 % › Borrower: Government of India - Executing Agency: MAHAGENCO › Loan EUR 250 Million (Reduced Interest Loan) - Grant for Technical Assistance EUR 0.7 Million › Date of loan signing: 10 August 2011 › Currently 125 MW are already producing power › Estimated electricity generation: 216 GWh p.a. - Estimated CO 2 Reduction 186,000 tons p.a.

No.Project Name Size and technology Year of Commissioning Amount refinanced by KfW (Mio. INR) 1 M/s MAHAGENCO - Maharashtra 2 MW crytalline / 2 MW thin film PV Feb M/s Premier Solar Systems Pvt. Ltd- Jharkhand 1 MW thin film PV / 1 MW Crystalline Modules Mar M/s Photon Energy Systems Ltd. - Andhra Pradesh 1 MW crystalline PVMar M/s PCS Premier Energy Pvt. Ltd. - Jharkhand 2 MW thin film PVFeb APCA Power Pvt. Ltd. - Gujarat5 MW thin filmDec AEW Infratech Pvt. Ltd. Gujarat 1MW thin film PVJan Saimeg Infrastructure Pvt. Ltd. - Jharkhand 2 MW Crystalline ProjectJun Solar Projects refinanced under KfW Credit Lines - I

No.Project Name Size and technology Year of Commissioning Amount refinanced by KfW (Mio. INR) 8 M/s Amrit Jal Ventures Ltd.- Andhra Pradesh 1 MW PVJul M/s Swisspark Vanijya Pvt. Ltd.- Rajasthan 5 MW PVOct M/s Raajratna Energy Holdings Pvt. Ltd.- Orissa 1 MW PVJun M/s Moser Baer Energy and Development Ltd.-Gujarat 15 MW PVJan M/s Ganeshwani Merchandise 5 MW Solar PVMay Total Solar Projects refinanced under KfW Credit Lines - II

Solar Projects in India 9 69 % › KfW has currently invested 290 million Euros (2,000 crore Rupees) in 13 solar projects. › KfW is refinancing loans of IREDA and REC for 12 projects. › KfW’s largest investment in the solar sector is the 150 MW Sakri project implemented by MAHAGENCO in the state of Maharashtra. › For the future we are: › looking for financing our first CSP project in India; › planning to finance additional large PV projects of public utilities; › looking at options to finance solar parks and rooftop system of private households, industry and public companies; › preparing a research project with NTPC-NETRA for CSP and CPV technologies.

10 KfW – Green Energy Corridors › Joint Declaration on Indo-German Development Cooperation Regarding the Establishment of Green Energy Corridors signed in Berlin on April 11th, › Basis for the strategic cooperation between Germany and India to foster the grid integration of renewable energies in India. › Technical Assistance shall be offered via GiZ e.g. for forecasting and market design. › Financial Contribution via KfW shall be 1 billion Euros over the next years.

Bank aus Verantwortung Thank you for your attention Contact Information: Andreas Thermann KfW Office New Delhi 21, Jor Bagh New Delhi India T.: E.: W.: